RE: Outstanding Bank Transactions
Thank you for the reply. I have done the steps mentioned exactly but I am not sure about the direct posting component however, from a balancing perspective - I do reconcile and the "bank card" linked to the GL account both tie to each other.
I did find the posting below from anther blog, which is disappointing if true, but it's the only reference to this matter that I've found. The outstanding bank transaction list does not calculate correctly (as mentioned) from deposits vs checks as line items but as a net total, the balance of outstanding items is correct. So weird.
The Bank Acc. Reconciliation does contain all the Bank Account Ledger Entries that have not yet been closed. This includes all entries that have been made even those posted after the statement date. You are able to filter the Posting Date to narrow down the amount of data, but these entries will appear as outstanding on your test report. Meaning that if you postpone your bank reconciliation until after you make entries into the next month (or months), then those transactions will also appear in your bank reconciliation in the bank account ledger entries.
The Test Report then shows these entries as outstanding transactions. The Ending Balance on this report shows the current balance in your bank account in Business Central. I have discovered though, that the Outstanding Bank Transactions does not look like it calculates correctly. Thus, causing some confusion. It is because of how the Deposits are displayed and it makes it look like they are not being included in the Total Outstanding Bank Transactions. But, in fact they are. The Deposit is listed and then the transactions that made up the deposit are listed right below it. The report indents the posting date for the entries.
